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Mobile banking may become most preferred channel, says SBI's Rajnish Kumar

Out of 100 transactions at SBI, only 9 transactions are being made in branches

NPCI updates UPI with auto pay feature for smoother recurring transactions

The feature needs customer mandates for these recurring payments to be made. Mandates can be set up with a frequency of user's choice such as daily weekly, monthly or annually

RIL m-cap tops Rs 13 trn, cementing firm in world's top-50 most valued

In dollar terms, the company is now valued at $175 billion, fully-paid shares end at Rs 2,004, up 1.64 per cent, partly-paid shares at Rs 1,107

SBI Life Insurance pre-tax profit up 2.6% to Rs 387.68 crore in Q1

The value of new business was down 29 per cent year on year to Rs 240 crore.

Mindspace Business REIT sets price band at Rs 274-275 for its IPO

Seeks to raise up to 4,500 cr, has already received commitment worth Rs 1,125 crore from institutional investors

Indian Hotels to acquire remaining stake in ELEL from Nanda family

The buyout will make IHCL, the 100% owner of Sea Rock Hotel

IRDAI allows insurers to sell Corona Kavach policy as group product

Each insurer can price the product according to its risk assessment, health portfolio and its claim experience.

GST Network makes annual returns available online for composition dealers

This will enable 1.7 million composition dealers to file their returns on an annual basis with effect from 2019-20

SAT stays order against Edelweiss broking, temporary relief for DHFL

Tribunal asks NSE and Edelweiss to submit replies on Rs 1.8 cr penalty slapped by the exchange on the broker; in DHFL case, Sebi told to halt recovery proceedings against the firm

After April fiasco, MCX to allow negative price trading from July 27

The issue became sensitive after crude futures settled in the negative on April 20, causing huge losses to traders

Mindspace Business Parks REIT raises Rs 1,125 crore ahead of IPO

The IPO will open on July 27 and close two days later.

AP Moller-Maersk takes up 200,000 sq ft on lease in Godrej property

Rent amount not disclosed, logistics firm brings seven business units from four different locations under one roof at Godrej Two

Irdai asks insurers to recognise make-shift hospitals for Covid claims

Also, if a regular hospital has set up a temporary facility for patients, it will be regarded as an extension of the hospital and cashless facility will be made available

Covid-19 impact: Oyo sends letter granting ESOPs to all employees

The move comes as Oyo decided to lay off a large number of its employees in the US last week but reward them with stock options

Indiabulls Housing Finance reports 37% drop in standalone Q4 pre-tax profit

The lender made extra provisions of Rs 700 crore on account of Covid-19 equivalent to 1 per cent of the loan book.

Atmanirbhar loan may touch Rs 1.25 trillion: Power minister R K Singh

The special loan is aimed at clearing dues of discoms towards Centre-owned and private power generation units.

Over 500,000 Indians returned under Vande Bharat Mission, highest to Kerala

Mission brings them home from 137 countries in less than two months, 94,085 return to Kerala alone

Covid-19: Emami's edible oil sales in April-June quarter takes a hit

However, the company hopes to maintain sales and profitability for the year as sales of consumer packs are likely to grow by 15-20 per cent

NSE removes Vedanta from its indices ahead of possible delisting

The stock will be replaced by HDFC Life Insurance Company with effect from July 31. It will be replaced by SBI Cards in the Nifty 100 and Nifty 500 indices